Tharby Linda M 4
4 · KORU Medical Systems, Inc. · Filed Mar 15, 2024
Insider Transaction Report
Form 4
Tharby Linda M
DirectorChief Executive Officer
Transactions
- Tax Payment
Common Stock
2024-03-13$2.09/sh−7,094$14,826→ 1,069,443 total - Award
Common Stock
2024-03-13$2.09/sh+19,681$41,133→ 1,076,537 total
Footnotes (3)
- [F1]Shares earned per her employment agreement for bonus of which 70% was paid in cash and 30% paid in shares of the Company's common stock.
- [F2]Includes 200,000 in restricted stock awards that vest in 25% increments annually on 4/12/22,4/12/23, 4/12/24 and 4/12/25; 200,000 in restricted stock awards that vest based on a schedule of the Company's market capitalization prior to 3/15/27; 600,000 in restricted stock awards that vest based on a schedule of the Company's net sales growth targets for each of the fiscal years ended 12/31/22 through 12/31/25.
- [F3]Represents shares of common stock withheld by the issuer in satisfaction of tax withholding obligations upon the issuance of common stock for the portion of the 2023 bonus paid out in equity